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Rubio on Obama's Fiscal Cliff Plan: "It doesn't solve anything"

The fiscal cliff is looming, and as FreedomWorks' President Matt Kibbe pointed out, “The $16 trillion monstrosity that is our current national debt is a product of spending too much, not taxing too little.” We need a plan that includes sequestration as well as reforms to taxation and entitlements. Senator Marco Rubio took to the airwaves last night to discuss just this.

In his interview with Sean Hannity, Rubio said “If you raise taxes on the wealthiest Americans or what he calls the wealthiest Americans, people making $250,000 or more, if you raise that by 100 percent, that doesn't solve anything. The proposal the president is standing for, it doesn't solve anything.”

He went on to explain that increased taxation would only lead to employees seeing cuts to their benefits and compensation, or even their jobs. It would lead to people taking fewer vacations and going out to eat less. It would lead to fewer home improvement projects which hire construction workers. In short, it is not the wealthiest who would suffer the most from this higher rate of taxation. “And in return, you generate six, seven, eight days worth of government spending.” noted Rubio. Clearly, that is not the answer.

“The only solution,” Rubio pointed out “is the combination of fiscal discipline and real economic growth.” As Kibbe said, “The deal-makers on Capitol Hill have ‘negotiated’ themselves up to $16 trillion in debt. It’s time to say ‘enough is enough." They are right. Higher taxes do not avoid financial ruin in any meaningful way. This level of spending is literally out of control, and has to be brought back to a reasonable level to get us out of our current mess.

Amelia good message. But it comes down to HOW do we sell this message to the low information voters and spineless (as Mark Levin says) Repubicans at the top? I am just a lowly worker and I get it SO how do we get the message to the rest of the mentally numb. We must keep this front and center but must reach those that drink the socialist kool-aid. The question is how?

There is significant transpartisan movement in the United States Senate to bring long overdue reforms to the justice system. A number of bills have already been introduced, including measures that would reform civil asset forfeiture statutes (FAIR Act), address mandatory minimum sentences for nonviolent low-level offenders (Smarter Sentencing Act), and expungement or sealing the records of nonviolent offenders (REDEEM Act).

Suppose that officials from federal, state, and local governments developed a new system of collecting revenue at the beginning of the year. Instead of taking portions from each American’s paycheck throughout the year, they decided to take every cent Americans earned from January 1st until the day that all revenue had been collected for the year.

The White House is offering more details about President Barack Obama's FY 2016 budget proposal in advance of its formal release on Monday. Politico is reporting that the administration will call for an end to the sequester -- across-the-board cuts to the rate of spending increases enacted in 2011.

The Congressional Budget Office has released its annual budget outlook for the next decade, showing that the budget deficit will continue to fall in the current fiscal year, as well as next year, before gradually beginning to rise steadily again, thereafter. The media mostly talking about this aspect of the report. The Associated Press, for example, ran with the headline: "CBO: Budget deficit to shrink to lowest level since Obama took office."

One of the ways the Obama administration managed to get ObamaCare through Congress was by keeping the cost of the law under $1 trillion. This was accomplished through various budget gimmicks and backloading costs in years at the end of the original budget estimates. These deceptive tactics are how the administration managed to get a score from the Congressional Budget Office purporting that ObamaCare would reduce the deficit by $124 billion.

In addition to proposing an onslaught of spending increases and tax hikes in his sixth State of the Union address, President Barack Obama will, according to The New York Times, "effectively declare victory over the economic hard times that dominated his first six years in office and advocate using the nation’s healthier finances to tackle long-deferred issues like education and income inequality."

President Barack Obama has tipped his hand on how he plans to pay for his budget-busting spending increases. Media reports indicate that he plans to roll out several tax hikes totalling $320 billion in his State of the Union address on Tuesday, including raising the capital gains rate and imposing a tax on big banks' liabilities.

Just two days after facing an historic uprising within the ranks of his own House Republican Conference, Speaker John Boehner (R-OH) defended his four-year record as the lower chamber's presiding officer, telling reporters that he is "the most anti-establishment Speaker" in history.

Looking to stake some ground just weeks before the mid-term election, President Barack Obama, in a speech last week at Northwestern University, dismissed concerns about budget deficits, claiming that ObamaCare is keeping down healthcare costs.